Motivation is a result of three things:
Persistence, Intensity and Direction.
Persistence – Time, how long you do something. Someone who is persistent doesn’t give up towards reaching their goal.
Intensity - How hard you do something. You can’t have a lackluster attitude.
Direction – A goal, what you’re trying to reach.
Without a clear definition of each, that’s when motivation isn’t there.
How to Implement Each Step To Become More Motivated
1. Persistence
- Write down one thing you’re going to do on your calendar the next day towards the goal you’re trying to achieve.
2. Intensity
- Use music that gets you pumped up, and always push yourself to your limits.
3. Direction
- Set a goal for what you want to do, very specific. For example, make $1,000 in the next month freelancing, or lose 10 lbs in one month.
The most common cliche I hear is “Follow your passion” or, “do what you love” when asked what kind of business to start.
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1) Find a company you know is going to blow up. (Facebook, Groupon, Zynga)
2) Invest as much money in it as possible, at every opportunity.
3) Once the media jumps on it and other investors get in…
4) Get out (cash out).
5) Repeat.
http://www.zdnet.com/blog/foremski/this-is-how-yuri-milner-has-already-made-billions-from-the-new-bubble/1717
Nobody’s going to hit a home run every single time. For that reason, we need to take steps towards hitting our short term goals while at the same time working for our long term goals
In the long run, the most effective way to make long term, scalable cash is to create a business that requires little maintenance.
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Let’s say you own a business and either you or one of your employees makes a mistake.
Here’s an example from Yelp, where a business has made a mistake, but makes it up quickly to it’s customer.
“Upon the advice of the 40 Yelpers who had reviewed Carlos Exclusive Auto Service, I booked my car for a 30,000 service. The job went well – it was ready on time and at a reasonable cost. BUT … fast forward a day. I drove to San Jose and smelled burning oil. A quick look under the car tells me I have an oil leak. Filled it up with 3 quarts and it dripped straight through. Read more…